The forecast of pelagic fish demand in the US from 2024 to 2028 shows a stable trend with a consistent value of 1.24 Million Metric Tons annually. Comparing this with the 2023 values, pelagic fish demand appears stagnant with no variation year-on-year, indicating a flat growth rate. Therefore, the Compound Annual Growth Rate (CAGR) over the last five years remains at zero percent, reflecting an absence of growth or decline.
In the future, several trends warrant attention:
- Changing consumer preferences towards sustainably sourced seafood.
- Impact of global climate change on fish populations and ecosystems.
- Evolving regulatory frameworks and their influence on fishing quotas and practices.
- Technological advancements in aquaculture that could substitute wild-caught fish.